Harris Sawing Equipment 2

1er investissement ? 500 € garantis avec le code GOODSTART.

Afrique du Sud

Harris Sawing Equipment 2

Lulalend

Investir dans la microfinance

+ 147 autres investisseurs

With a loan of EUR 61,000 Harris Sawing Equipment will be able to further improve their machinery and hire more people.

€61 000

Montant

3,75%

Intérêt

12 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€61 000
Intérêt	3,75%
Maturité	12 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 2 jours sur 24 Octobre 2019.

Le projet

Harris Sawing equipment has origins that date back to 1934 when the company started out as a humble saw repair shop. Since then it has evolved into an internationally recognised and exported saw manufacturer. Their product offerings include hot saws, food grade saws, and many more. The current director, Michael Harris joined the company in 2002 after completing his mechanical engineering degree at the University of Johannesburg. The company currently employs 15 full-time employees.

Harris sawing equipment found themselves in need of some critical machinery such as a new furnace and a new polishing machine. With all their reserves being devoted to buying raw materials they did not have the capacity to obtain these assets.

Nom de l’entreprise	Lulalend
PDG	Michael Harris
Création	1996-01-01
Lieu	Johannesburg
Secteur	Fabrication / Production
Chiffre d'affaires	€977 328
Employés	15

Impact

More than 40% of SMEs in Africa mention the lack of financing as the major factor limiting their growth. To help overcome this challenge, Lulalend offers access to funding to SMEs in South Africa by delivering working capital within 24 hours through their automated online platform.

Easy access to working capital increases productivity and job creation, both necessary conditions to reduce poverty. A formal job creates impact on income and enables regularity of wages, allowing a family to plan for the future, save money, and improve access to credit, housing, and children’s education. It can lift unskilled workers out of poverty and allow skilled workers to enter the middle class. Therefore financing SMEs with growth potential is one of the key ingredients for inclusive growth.